PutraCryptocurency: Skyllz - The Universal Proof-of-Skill Protocol

Abstract
The world is changing incredibly fast. The demand for new and specific skills from the labor market makes harder than ever the adaptation of professional AND personal profiles to the requirements of the market.

n addition, new talent scouting and recruiting is focusing more and more on empirical evidences of your skills (the “what”), the way that you apply them (the “how”), and what really drives you (the “why”). Tangibilizing human skills that are the basis of work behaviors such as problem-facing, solutions analysis, and team roles, is a key factor in order to meet the needs in this fast-paced environment.

The Market Opportunity
In line with these challenges, the market for innovative, technology-based solutions for skill acquisition and sharing is huge and growing. As an example, the market for edtech solutions is forecasted as of $94b by 2020. And this is just the top of the iceberg.

Figure 2: Market opportunity. U.S Department of Education, Center for Venture Research, US Small Business Administration, Angel Resource Institute, Angel Education Foundation

Workkola: A Proven Solution And The Team Behind Skyllz

Workkola (https://workkola.com), has been working for two years in a proven solution to empower, boost and measure what they call Talent Branding.

Workkola helps digitally-skilled students showcase their skills, build their Talent Brands and find amazing job opportunities, while helping companies assess and attract vetted talent.

With more than 17K students and more than 1,500 companies on board, Workkola’s current platform is already working hard on changing talent assessment and talent placement.

A gamified system of points rewards users when some actions are completed (depending on quality of challenges completed, when users finish the Personality Selfie Quiz, when users are referred…), and helps curate talents within the platform.

Skyllz Distributed Platform (SDP)

The Skyllz Distributed Platform (SDP) is a distributed and open-source skill validation protocol that enables users to validate and empower skills acquisition, allocation, contextualization and boosting freely within and across Skills Touchpoints Applications (STapps) such as e-learning platforms, networking platforms, portfolio platforms, offline education platforms or any other platform that want to benefit from and add value to the Skyllz ecosystem.

Business Model

Skyllz Distributed Platform (SDP) allows itself and the STapps on top of it (such as Workkola) to create value- impactful and economic value.

The exchangeable utility ERC-20 token SKT (Skyllz Token) allows exchange of value across the SDP (Skyllz Distributed Platform) and within each Application on it. SKT is thought to help each application build its own internal business model around it and also between all applications to assure value distribution and connection all over the ecosystem.

Skyllz main KPIs projections

Based on Workkola’s current platform metrics and projections, the following are the most important KPIs related to the growth and adoption of the SDP and SKTs between 2019 and 2020. Such projections are forward-looking statements or information based on current metrics and assumptions. None of them are intended to be statements that directly show a future revalorization of the SKT itself

Notes:

-Until September 2020 all metrics and projections are based on Workkola as the first STapp on the SDP. The first STapps after Workkola are projected to join the SDP on October (+1 new STapp), November (+1 new STapp) and December (+1 new STapp) of 2018.

Notes:

-SQC stands for Skills Qualification Contract and refers to the number of unique smart contracts created in order to validate the skills of Talents (users). -Until September 2020 all metrics and projections are based on Workkola as the first STapp on the SDP. The first STapps after Workkola are projected to join the SDP on October (+1 new STapp), November (+1 new STapp) and December (+1 new STapp) of 2018

Notes:

-This graph forecasts Talents (users that want to validate their skills) over time. -Until September 2020 all metrics and projections are based on Workkola as the first STapp on the SDP. The first STapps after Workkola are projected to join the SDP on October (+1 new STapp), November (+1 new STapp) and December (+1 new STapp) of 2018.

Technology Overview

Decentralized Proof-of-Skill: Why Blockchain?

Blockchain is a type of distributed ledger or decentralized database that keeps records of digital transactions. Rather than having a central administrator like a traditional database, a distributed ledger has a network of replicated databases, synchronized via the Internet and visible to anyone within the network. Blockchain networks can be private with restricted membership similar to an intranet, or public, like the Internet, accessible to any person in the world.

Proof-of-Skill as a concept only makes sense if it is publicly accessible by anyone who needs it, reaching its maximum potential when trustworthiness and immutability play together to ensure that you are capable to track and share your skills. Those characteristics are inherent to Blockchain technology and become a fundamental part of the Skyllz ecosystem, values and mission.

Security

The Skyllz Distributed Platform along with Proof-of-Skill, Skyllz Tokens and the Skyllz APIs will incorporate all the necessary security mechanisms that guarantee the protection of its users. All connections, both web and mobile, will be encrypted using the HTTPS protocol with a TLS certificate. The architecture of the system will prevent any application, both internal and from third parties, from attacking critical elements, such as the database (which is directly stored on the Ethereum Blockchain), or processing critical actions.

Founding Team

Workkola’s team, the team behind Skyllz, started to design the future of talent empowerment back in February 2015.

As part of their main mission of changing the way talents get access to work and work gets access to talents, and in order to create a meaningful and game-changing solution, Workkola’s team takes a step further on embracing all the possibilities of the blockchain technology to scale and impact the globe with Skyllz.